By Paul A. Harris
St. Louis, Nov. 10 - Yioula Glassworks SA priced an upsized €140 million issue of 10-year senior notes (B3/B) at par on Thursday to yield 9%, according to a market source.
The issue was increased from €130 million.
The yield came in on the wide end of the 8¾% to 9% price talk.
Citigroup ran the books for the Rule 144A/Regulation S offering.
Proceeds will be used to repay debt and fund capital expenditures.
Yioula is an Athens, Greece-based manufacturer of glass containers and tableware.
| Issuer: | Yioula Glassworks SA
|
| Amount: | €140 million
|
| Issue: | Senior notes
|
| Maturity: | Dec. 1, 2015
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Spread: | 549 basis points
|
| Trade date: | Nov. 10
|
| Settlement date: | Nov. 15
|
| Call features: | Callable after Dec. 1, 2010 at 104.5, 103.0, 101.5, par on and after Dec. 1, 2013
|
| Equity clawback: | Until Dec. 1, 2008, for 35% at 109.0
|
| Bookrunner: | Citigroup
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B
|
| Price talk: | 8¾% to 9%
|
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|
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